Natixis Securitizes $133.7 Million of CMBS Loans

New York, État de New York, États-Unis, September 29, 2014

Natixis securitized $133.7 million of loans in a conduit commercial mortgage-backed securities (CMBS) transaction. It was both a sponsor, via Natixis Real Estate Capital LLC, and a co-manager, via Natixis Securities Americas LLC, in a $1.2 billion transaction (COMM 2014-LC17).

Natixis contributed 11 loans with a cumulative balance of $133.7 million to the COMM 2014-LC17 securitization of 71 loans amounting to $1.2 billion. The commercial mortgages originated by Natixis included five- and ten-year fixed-rate loans, primarily secured by multifamily, office, retail and hospitality properties located across the United States.

Below is a list of Natixis loans in the top 20 of the transaction:

  • Pasadena Multifamily Portfolio, $20.0 million, Pasadena, TX
  • Quito Village Center, $19.9 million, Saratoga, CA

Natixis has securitized over $14.8 billion of CMBS loans since it started originating commercial mortgages in 1999. It has increased its CMBS origination volume significantly and is ready to provide competitive, long-term financing to borrowers nationwide. Natixis securitized over $1.2 billion in conduit CMBS transactions since January 2014.

Natixis is the corporate, investment and financial services arm of Groupe BPCE, the 2nd- largest banking group in France with 36 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne.

With more than 16,000 employees, Natixis has a number of areas of expertise that are organized into three main business lines: Wholesale Banking, Investment Solutions & Insurance, and Specialized Financial Services.

A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-sized businesses of Groupe BPCE’s banking networks.

Listed on the Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3(1) of €13.2 billion, a Basel 3 CET1 Ratio(1) of 11.2% and quality long-term ratings (Standard & Poor’s: A / Moody’s: A2 / Fitch Ratings: A).

(1) Based on CRR-CRD4 rules published on June 26, 2013, including the Danish compromise - no phase-in except for DTAs on loss carry-forwards

Figures as at June 30, 2014